College tuition is a lot more expensive than it was just a few decades ago. Families around the country appreciate that earning a degree without massive student loan debt is a feat that takes years of planning and diligent saving. The reality that college cost increases outpaced inflation over the past several decades is not lost on parents or grandparents with college-aged children….
When it comes to investing for retirement, there’s no such thing as starting too early.
If you are turning 65 today, the odds are that you will live until you are at least 84. Those special birthdays are great news for
Retiring well and enjoying your golden years requires a lot more than just qualifying for Social Security. Social Security’s average retirement payment is only $1,503 a month, and that can leave a big gap between your monthly living expenses and the money that Social Security provides.
There is one thing that is becoming as certain as death and taxes; that is, the cost of a college education is growing fast in the United States. Thus, it is never too early to begin saving for your child of grandchild’s college.
Seniors retiring into the COVID-19 economy are finding newfound appreciation for their monthly Social Security checks. The program that provides direct monthly payments to retirees is probably the most popular and successful government program in American history.
The SECURE Act (or “Setting Every Community Up for Retirement Enhancement Act”) was passed at the end of 2019, with most provisions going into effect on January 1, 2020. It’s not often that such sweeping legislation is passed, and while it’s not a massive upheaval, the new rules are expected to cause changes to some retirement strategies. For others, new opportunities may be revealed…
As we embark on a new decade, it’s
natural to wonder about what lies
ahead. A century ago, they called them
the “Roaring Twenties,” but what will
be the hallmark of this era? We can
be sure it will bring both challenges
and opportunities. The new year is a
great time to evaluate our goals, make
course corrections, and give ourselves
permission to dream big.
Everything you own, right down to that set of fancy golf clubs, may be part of your estate once you’re gone, and a comprehensive estate strategy is crucial for multiple reasons. But a truly great estate strategy protects more than just your wealth: it also helps protect those you love, easing the stress they may experience upon your passing. For many of us, our non-human loved ones are part of the family. Let’s take a look at how you can provide for their future.
As we go through life, we pass milestones that mark transitions into different phases of life. Financial transitions accompany these turning points. Our goals change and our priorities shift in response to these changing life needs.
